BofA Returns Doctor Loan Program
Sunday, August 08, 2010
For all the doctors out there... after suspending it upon the foreclosure crisis, BofA has returned a revised version of its doctor loan program. It returns on August 9th, provides 95% financing for Doctors, and goes up to $850,000. It's even good on refinances and it has special rules for excluding student loans (key challenge these days for doctors qualifying).
It also applies to those in residency who will begin their new employment within 60 days. Let me know if you or anyone you know might need this loan type.